EXHIBIT 10.7 FIRST AMENDMENT TO IP LICENSE AGREEMENT

IP Intellectual Property License Assignment Agreement

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JAZZ SEMICONDUCTOR INC | Conexant Systems, Inc

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Title: EXHIBIT 10.7 FIRST AMENDMENT TO IP LICENSE AGREEMENT
Governing Law: Delaware Date: 4/24/2006

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Exhibit 10.7

FIRST AMENDMENT TO IP LICENSE AGREEMENT

This FIRST AMENDMENT TO IP LICENSE AGREEMENT (the "Amendment") is dated as of July 1, 2002 (the "Amendment Date"), and is entered into by and between Jazz Semiconductor, Inc., a Delaware corporation formerly known as Specialtysemi, Inc. ("Company"), and Conexant Systems, Inc., a Delaware corporation ("Conexant").

RECITALS

WHEREAS, Company and Conexant are parties to that certain IP License Agreement dated as of March 12, 2002 (the "Agreement"); and

WHEREAS, Company and Conexant wish to amend the Agreement.

AGREEMENTS

NOW THEREFORE, in consideration of the promises and mutual agreements and covenants set forth herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

1. D